Bravura bids to acquire GBST

Company News

by Katrina Bullock

Financial software solutions provider, Bravura Solutions (ASX:BVS) has made a bid to acquire GBST Holdings (ASX:GBT).

Bravura Solutions has submitted a nonbinding indicative proposal to acquire all of the shares in GBST Holdings by way of a scheme of arrangement.

It is offering a cash payment of $2.50 per GBST share.

This is a 30.4 per cent premium on the 30 trading day volume-weighted average price.

Shares in Bravura Solutions (ASX:BVS) last traded at $5.25.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.